Rentokil Initial (RTO)

Sector:

Support

Index:

FTSE 100

425.00p
   
  • Change Today:
      4.40p
  • 52 Week High: 655.20
  • 52 Week Low: 392.50
  • Currency: UK Pounds
  • Shares Issued: 2,524.54m
  • Volume: 3,464,634
  • Market Cap: £10,729m
  • RiskGrade: 127

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Annualisation Factor 1.0 1.0 n/a 1.0 1.0
Dividend Yield 2.0% 1.5% 1.1% 1.1% 0.3%
           
Continuing Operations          
PE Ratio - Adjusted 19.0 23.8 32.3 33.2 31.4
PE Ratio - Diluted 29.3
35.8		 44.1
24.0		 41.4
32.4		 51.1
51.5		 29.7
22.7
PEG - Adjusted 2.1 1.3 1.8 5.5 3.1
PEG - Diluted 0.9
n/a		 n/a
1.3		 1.0
0.4		 n/a
n/a		 n/a
1.9
Return on Capital Employed 23.91%
23.91%		 10.63%
18.90%		 0.31%
0.38%		 12.18%
12.19%		 22.71%
28.97%
Operating Margin 11.63%
11.63%		 8.54%
15.37%		 11.73%
14.81%		 10.48%
10.49%		 13.61%
17.52%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 19.0 23.8 3,201.8 33.2 31.4
PE Ratio - Diluted 29.3
35.8		 44.1
24.0		 4,103.3
3,213.1		 51.1
47.7		 29.7
21.6
PEG - Adjusted 2.1 0.0 n/a 5.5 3.1
PEG - Diluted 0.9
n/a		 0.0
0.0		 n/a
n/a		 n/a
n/a		 n/a
1.2

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Net Gearing 77.53% 78.29% 99.92% 105.70% 104.92%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Price/Book Value (3.8) (3.2) (12.1) (11.9) (12.5)
Price/Tangible Book Value (3.8) (3.2) (12.1) (11.9) (12.5)
Price/ Cash Flow 15.0 17.0 19.3 18.0 18.1
Price/Revenue 2.06 2.74 363.53 3.37 3.09
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) (117.41p) (160.09p) (48.44p) (42.71p) (36.30p)
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
Revenue 5,375.00 3,714.00 29.85 2,803.30 2,714.40
EBITDA 150.00
150.00		 (77.00)
177.00		 5.71
6.63		 605.10
605.40		 369.40
475.60
Depreciation 475.00
475.00		 394.00
394.00		 (2.21)
(2.21)		 (311.30)
(311.30)		 n/a
n/a
Net Interest (141.00)
(141.00)		 (30.00)
(48.00)		 (0.30)
(0.30)		 (72.30)
(72.30)		 (46.10)
(46.10)
Profit Before Tax 493.00
493.00		 296.00
532.00		 3.28
4.20		 229.80
230.10		 338.50
444.70
           
Revenue per Share 213.63p 185.51p 1.61p 151.27p 146.80p
Pre-Tax Profit per Share 19.59p
19.59p		 14.79p
26.57p		 0.18p
0.23p		 12.40p
12.42p		 18.31p
24.05p
Market Capitalisation £ (Millions) 11,119.36 12,801.80 10,858.51 9,449.68 8,377.48
Enterprise Value (EV) £ (Millions) 15,803.36 18,143.80 12,779.51 12,404.88 10,590.48
EBITDA/EV 0.95%
0.95%		 (0.42%)
0.98%		 0.04%
0.05%		 4.88%
4.88%		 3.49%
4.49%
Operating Margin 11.63%
11.63%		 8.54%
15.37%		 11.73%
14.81%		 10.48%
10.49%		 13.61%
17.52%
Capital Employed £ (Millions) 2,652.00 3,068.00 1,174.00 2,480.90 1,693.90
Return on Capital Employed 23.91%
23.91%		 10.63%
18.90%		 0.31%
0.38%		 12.18%
12.19%		 22.71%
28.97%
Invested Equity Capital £ (Millions) 4,963.00 4,993.00 1,407.00 1,258.50 1,146.50
           
Earnings per Share - Basic 15.14p
12.36p		 11.57p
21.33p		 14.16p
18.08p		 10.03p
9.94p		 15.33p
20.06p
Earnings per Share - Diluted 15.07p
12.31p		 11.51p
21.20p		 14.10p
18.01p		 9.98p
9.89p		 15.24p
19.94p
Earnings per Share - Adjusted 23.19p 21.34p 18.07p 15.37p 14.43p
Earnings per Share Growth - Basic 31%
-42%		 -18%
18%		 41%
82%		 -35%
-50%		 n/a
12%
Earnings per Share Growth - Diluted 31%
-42%		 -18%
18%		 41%
82%		 -34%
-50%		 n/a
12%
Earnings per Share Growth - Adjusted 9% 18% 18% 6% 10%
PE Ratio - Diluted 29.3
35.8		 44.1
24.0		 41.4
32.4		 51.1
51.5		 29.7
22.7
PEG - Diluted 0.9
n/a		 n/a
1.3		 1.0
0.4		 n/a
n/a		 n/a
1.9
Tax Rate 23.14% 22.30% 19.56% 19.64% 16.92%
Dividend Cover 2.67
1.42		 2.83
2.82		 2.83
2.83		 2.84
1.84		 9.56
13.28
Interest Cover 3.61
3.61		 4.75
6.48		 10.56
13.24		 3.93
3.93		 6.96
8.83
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 15.14p
12.36p		 11.57p
21.33p		 0.14p
0.18p		 10.03p
10.73p		 15.33p
21.09p
Earnings per Share - Diluted 15.07p
12.31p		 11.51p
21.20p		 0.14p
0.18p		 9.98p
10.68p		 15.24p
20.96p
Earnings per Share - Adjusted 23.19p 21.34p 0.18p 15.37p 14.43p
Earnings per Share Growth - Basic 31%
-42%		 7,995%
11,584%		 -99%
-98%		 -35%
-49%		 n/a
18%
Earnings per Share Growth - Diluted 31%
-42%		 7,987%
11,565%		 -99%
-98%		 -34%
-49%		 n/a
18%
Earnings per Share Growth - Adjusted 9% 11,600% -99% 6% 10%
PE Ratio - Diluted 29.3
35.8		 44.1
24.0		 4,103.3
3,213.1		 51.1
47.7		 29.7
21.6
PEG - Diluted 0.9
n/a		 0.0
0.0		 n/a
n/a		 n/a
n/a		 n/a
1.2
Dividend Cover 2.67
1.42		 2.83
2.82		 0.03
0.03		 2.84
1.98		 9.56
13.97
Return on Equity (ROE) 7.68%
6.27%		 4.65%
8.55%		 0.19%
0.24%		 14.80%
15.80%		 24.75%
34.02%
Operating Cash Flow per Share 29.29p 29.97p 30.30p 28.24p 25.04p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (1.59p) 36.26p (0.16p) 15.08p 9.76p
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 8.68p 7.55p 6.39p 5.41p 1.51p
Dividend per Share Growth 14.97% 18.15% 18.11% 258.28% (66.22%)
Dividend Yield 2.0% 1.5% 1.1% 1.1% 0.3%
Shareholders Funds 4,089.00 4,099.00 1,265.00 1,129.70 1,001.70
Net Borrowings £ (Millions) 3,170.00 3,209.00 1,264.00 1,194.10 1,051.00
Net Asset Value per Share (inc. Intangibles) (117.37p) (160.04p) (48.38p) (42.76p) (36.33p)

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Shareholders' Funds inc Intangibles 4,089.00 4,099.00 1,265.00 1,129.70 1,001.70
Net Borrowings £ (Millions) 3,170.00 3,209.00 1,264.00 1,194.10 1,051.00
Net Gearing 77.53% 78.29% 99.92% 105.70% 104.92%
Cash & Near Cash 1,562.00 2,170.00 668.00 1,949.50 1,169.20
Cash 38.20% 52.94% 52.81% 172.57% 116.72%
Gross Borrowings 4,732.00 5,379.00 1,932.00 3,143.60 2,220.20
Gross Gearing 115.73% 131.23% 152.73% 278.27% 221.64%
Borrowings Under 5 years 4,732.00 5,379.00 1,932.00 3,143.60 2,220.20
Under 5 years 115.73% 131.23% 152.73% 278.27% 221.64%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - exc Intangibles 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Shareholders' Funds exc Intangibles (2,953.00) (3,204.00) (899.00) (792.40) (671.70)
Net Borrowings £ (Millions) 3,170.00 3,209.00 1,264.00 1,194.10 1,051.00
Net Gearing n/a n/a n/a n/a n/a
Cash & Near Cash 1,562.00 2,170.00 668.00 1,949.50 1,169.20
Cash (52.90%) (67.73%) (74.30%) (246.02%) (174.07%)
Gross Borrowings 4,732.00 5,379.00 1,932.00 3,143.60 2,220.20
Gross Gearing 160.24% 167.88% 214.91% 396.72% 330.53%
Borrowings Under 5 years 4,732.00 5,379.00 1,932.00 3,143.60 2,220.20
Under 5 years (160.24%) (167.88%) (214.91%) (396.72%) (330.53%)
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Cover 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Quick Ratio 0.97 1.07 0.87 1.00 0.95
Current Ratio 1.05 1.14 0.97 1.05 1.01

Key

* GAAP

a. Includes discontinued activities

b. Based on operating cash flow before tax

c. Not disclosed under IFRS

d. Includes non-current assets

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Normalised ratios are shown in blue text

Note 6: Forecast figures based on normalised accounts.

 

Top of Page